Waste Connections (WCN) COO logs RSU conversions and tax share disposal

Rhea-AI Filing Summary

Waste Connections, Inc. Executive Vice President & COO Jason Craft reported equity award activity involving restricted share units and common shares. On February 18, 2026, 842 restricted share units were converted into 842 common shares through derivative exercises, reflecting both previously deferred and newly vested awards. In connection with these vesting events, 332 common shares were disposed of at $162.76 per share to cover tax withholding obligations. After these transactions, Craft directly owned 34,361 common shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CRAFT JASON

(Last) (First) (Middle)

3 WATERWAY SQUARE PLACE

SUITE 110

(Street)

THE WOODLANDS TX 77380

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Waste Connections, Inc. [ WCN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President & COO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/18/2026		M		842	A	$0.00	34,693	D
Common Shares	02/18/2026		F(1)		332	D	$162.76	34,361	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	$0.00	02/18/2026		M			842	(2)	(2)	Common Shares	842	$0.00	0.00	D

Explanation of Responses:

1. Represents the conversion of restricted share units into common shares or the Issuer. These restricted share units were previously vested and deferred under the Issuers Deferred Compensation Plan.

2. Represents the conversion upon vesting of restricted share units into common shares of the Issuer. The restricted share units were awarded on February 18, 2022 and vest in four equal annual installments. The common shares are reported in Table 1.

Remarks:

	Jason Craft	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did WCN executive Jason Craft report on February 18, 2026?

Jason Craft reported conversions of restricted share units into common shares and a related tax-withholding share disposition on February 18, 2026. Two derivative exercises converted 842 restricted share units into common shares, and 332 common shares were withheld and disposed of to satisfy tax obligations.

How many Waste Connections (WCN) shares did Jason Craft acquire through equity awards?

Jason Craft acquired 842 common shares of Waste Connections through the exercise and conversion of restricted share units. These included previously vested units deferred under the company’s Deferred Compensation Plan and units vesting from a February 18, 2022 award that vests in four equal annual installments.

Why did Jason Craft dispose of Waste Connections (WCN) shares in this Form 4 filing?

The 332 common shares disposed of by Jason Craft were used to cover tax withholding obligations related to the vesting and conversion of restricted share units. This tax-withholding disposition, reported with transaction code F, does not represent an open-market sale initiated for investment purposes.

What is Jason Craft’s Waste Connections (WCN) share ownership after these transactions?

After the reported February 18, 2026 transactions, Jason Craft directly owned 34,361 common shares of Waste Connections. This figure reflects the net result of converting 842 restricted share units into common shares and disposing of 332 shares to satisfy associated tax liabilities.

What do the restricted share unit conversions mean in Jason Craft’s WCN Form 4?

The conversions indicate that restricted share units held by Jason Craft turned into common shares of Waste Connections. Some units were previously vested and deferred under the Deferred Compensation Plan, while others vested from a February 18, 2022 grant scheduled to vest in four equal annual installments.

Were Jason Craft’s Waste Connections (WCN) transactions open-market buys or sells?

The filing shows no open-market buys or sells. The transactions consist of derivative exercises converting 842 restricted share units into common shares and a tax-withholding disposition of 332 shares, reported under transaction codes M and F rather than open-market purchase or sale codes.